Agricultural relief: Agricultural relief

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Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831935244

URN:: urn:nbn:de:zbw-retromon-232156

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 8

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 591 - 642

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of B. F. Yoakum, New York City

Collection:: Economics Books

AGRICULTURAL RELIEF 597 will give you an idea. If Congress would pass a farm commodity act—and that act has got to be broad and cover everything, of course—providing for the granting of Federal charters to associations of producers to market their farm products when organized-—nothing except as and when organized—the wheat associations could consol. date their marketing under such charters. I have been in corre- spondence with them, there are 22 very good substantial wheat associations in the United States, and they are all very anxious to do something. I do not mean in this particular plan, but they are very anxious to see something brought around. I have a letter here from one of them. I will just show vou one thing. He says, “A party to any such movement or all of them I have any knowledge of ’—that is cooperatives—‘“have an overhead handling charge away from 14 to 20 cents a bushel”’—that is the local cooperative organizations. Mr. KINcHELOE. You mean cooperatives when you speak of associations, do you? Mr. Yoakum. I speak of the present farm cooperative organiza- tions throughout the country. Mr. KincHELOE. When you speak of wheat associations, you mean cooperative wheat associations. Mr. Yoakua. Yes, sir. Mr. Apkins. That is the large ones that have the larce overhead, not the local cooperatives? Mr. Yoakum. It is the local cooperatives; I think so. This is the Farmers Grain Dealers Association of Indiana (Inc.); that is a local association; there are 22 of them. Mr. Apkins. I do not know his intentions, if he is talking about that much overhead. Mr. Yoagum. That is what he said. Mr. Apkins. They have one in Indiana. The large pooling associ- ations have shown that they can not carry that weight of overhead and that it is eating them up; that is, the large concerns. Mr. YoaruM. Maybe he refers to the large ones; I do not know. But that is all he says. C Mr. Apkins. The locals do not do that; they could not live if they did. Co Mr. Yoakum. Some of them have not been quitting. . Mr. Apkins. They are more successful this vear than they have been since the war. Mr. Yoakum. The wheat associations could apply for such a charter and consolidate their marketing under an “American W heat Marketing Board of Control (Inc.).” This does not mean that name will be used, this is only the idea—with authority to organize State boards of control when and where deemed advisable. Eighty per cent of any commodity controls its price; 80 per cent of our wheat is raised in 14 States. If the wheat producers of these States could under direction of a wheat marketing board of control, organize and operate under a Federal charter, they would control the domestic market and could, eventually, influence the foreign market by forming a “North American International W heat Pool, as this countrv and Canada contribute 68 per cent of the world’s surplus-wheat.

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